News Release

BMO US Equity Index ETF To Trade On Toronto Stock Exchange

June 2, 2009

BMO US Equity Index ETF (the "ETF") - An application has been granted for the original listing in the Industrial category of 200,000 units (the "Units") of the ETF, all of which will be issued and outstanding, and none will be reserved for issuance upon completion of an initial public offering.

Listing of the Units will become effective at 5:01 p.m. on Wednesday, June 3, 2009 in anticipation of the offering closing prior to the opening on Thursday, June 4, 2009. The Units will be posted for trading at the opening on June 4, 2009.

The registration and transfer of Units will be affected through the book-entry only system administered by CDS Clearing and Depository Services Inc. Unitholders of the ETF will not have the right to receive physical certificates evidencing their ownership of the Units.

Additional information on the Units may be found in the final prospectus dated May 12, 2009 (the "Prospectus"), which is available at www.SEDAR.com. Capitalized terms not otherwise defined are as defined in the Prospectus.

Stock Symbol: "BUE"
CUSIP: 05570J 10 7
Trading: CDN $

Designated Market Maker: BMO Nesbitt Burns Inc.

Other Markets: None

Head Office Address:
250 Yonge Street, 9th Floor
Toronto, Ontario
M5B 2M8

Website: www.bmo.com/etfs

Email: viki.lazaris@bmo.com

Head Office Telephone Number: 1 (800) 361-1392

Investor Relations:
Viki Lazaris
Tel: (416) 867-6656
viki.lazaris@bmo.com

Steven Bonin
Tel: (416) 867-5452
steven.bonin@bmo.com

Chief Financial Officer: Christina Chen

Incorporation: The ETF is an exchange-traded fund established as a trust under the laws of the Province of Ontario pursuant to a master declaration of trust dated May 12, 2009 as may be amended and restated from time to time.

Manager and Trustee: Jones Heward Investment Counsel Inc.

Fiscal Year End: December 31

Nature of Business: The ETF has been designed to replicate, to the extent possible, the performance of the Dow Jones U.S. Large-Cap Index (CAD hedged), net of expenses. The investment strategy of the ETF is to invest in and hold the Constituent Securities of the Dow Jones U.S. Large-Cap Index (CAD hedged) in the same proportion as they are reflected in the Dow Jones U.S. Large-Cap Index (CAD hedged). The Manager may also use a sampling methodology in selecting investments for the ETF. As an alternative to or in conjunction with investing in and holding the Constituent Securities, the ETF may invest in or use derivative instruments to obtain exposure to the performance of the Dow Jones U.S. Large-Cap Index (CAD hedged).

Transfer Agent & Registrar: CIBC Mellon Trust Company at its principal office in Toronto.

Distributions: Any cash distributions of income on Units of the ETF will generally be made quarterly, if at all, and are expected to consist primarily of dividends or distributions received by the ETF less the expenses of the ETF. To the extent that the expenses of the ETF exceed the income generated by such ETF in any given quarter, no quarterly distribution will be paid.

Initial Issuance of Units: Pursuant to the terms of the Prospectus, Units will be issued and sold on a continuous basis and there will be no maximum number of Units that may be issued. Units sold in connection with the initial public offering for the ETF will amount to 200,000 Units at a price of $15 per Unit.